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Search Results 0 to 23 of about 24 (some duplicates have been removed)
issue right now, deficit, debt, from the ministrations point of view, it is not something are focusing on right now. >> take you for setting the scene. -- thank you for setting the scene. york, our guest host, we have the chart of earlier. it is a massive victory lap. can we get back to a surplus? can we get back to that surplus? >> that is certainly not on the near-term horizon. what is important to note, three years ago the deficit was 10% of tdp and this year, 3%. it wasn't pretty. it didn't look like the civics textbooks, but we have a lot of deficit reduction. we had the ryan murphy agreement. it basically takes fiscal policy off the table for the next two years. barring a dramatic or election outcome in november, the administration will be status quo for 2017. >> are you willing to say austerity in the u.s. worked while austerity in europe did not work question mark -- work? able to register economic growth. it has been sluggish. europe has not been able to pull it off and a big impact of the fed he been the economy supported. >> the former fed governor, wonderful textbook, i don
could save. liberty mutual insurance. responsibility. what's your policy? >>> the federal deficit plunged by more than $400 in the last fiscal deficit. the sharpest drop since the end of world war ii. alison kosik is in new york to tell us why this happened. >> the federal budget deficit is at its lowest level in five years. the deficit is the difference between what the government spends and takes in. that dropped to $680 billion in 2013. to give you some perspective, during the financial crisis, it shot up above $1 trill in 2009 as the economy tanked and government bailouts became the norm. here is why it is happening. the economy is getting better over the last few years. the deficit has been shrinking. also, we are paying higher taxes. all that means more revenue for the government. the government has cut back on spending. the republicans, they still insist that the budget deficit is still too large. if they are looking for a fight, they may not get it. congress agreed to a bipartisan budget deal. mid-term elections are coming in the fall. a strengthening economy is removing m
to the flood insurance program which is 24 billion in deficit spending. will this legislation put us further into the deficit? >> no, not at all. in fact, this bill, unlike the senate version which, you know there was a lot of discussion over the senate version, this bill is actually 100% paid for, and, generates about $165 million, according to the cbo, of revenue over five years. so it pays for itself. it is not a tax because it, it pays for itself only for those within the national flood insurance program. so if you're not in a flood zone and you don't have flood insurance, this doesn't affect you. but if you are in the flood insurance program and your primary residence you will pay a user fee to pay in the program of $25 a year. very reasonable. that will pay for the program. gerri: i got it tell you, 200 million over five years? that doesn't do anything over4 billion in debt the program is already n how will we pay that off? >> well it is still better than nothing. had we done nothing, there wouldn't be 165 million toward that debt. that is number one. second thing that number is not co
, long life. you could do this with 1953. dine with a deficit of it that said old age. dying with aen, -- definition of old age creates ever since then, we have called it something. if you live past the mid 80's, we do not put you on a ventilator. it cost society a tremendous amount, but the key is getting people to taking action today that would help them tomorrow. 19% of kids in high school today smoked tobacco. they are portending for themselves a bad outcome, and they do not get it yet. how do you get a 20-year-old to change something 30 years from now? do it now, and it will help you 30 years from now. they would look at you like you were crazy. let me go out on a limb. i started this conversation by talking about obamacare, and yet it occurs to me as i sit here and talk to you and listen to you is that the real way to solve our health care problem in america is not to get sick in the first place, because the system is just not designed -- well, let me be frank about it. it is designed to make money, and the system is designed to make money when you get sick. at least we are livi
it will increase the deficit $6.2 trillion. if you like your doctor, you can keep your doctor. let's not go there. insure the uninsured. no. the ceo says the 75 million will still be uninsured. finally, brenda. we talked about approval. forget all that. the american public doesn't want it. 92% want to change this or appeal it. we have a law that has absolutely no benefits the public doesn't want. we are living with it. i can't understand it. >> well, david, maybe you can help us understand it. why do you think 50% of the uninsured want no part of this? >> well, it's a toll that's based on news they may hear or stories they may hear. to the extent some of those stories are misleading. you have julie bunstra from michigan who did an ad for a congressman running for the senate saying her premiums were going up. it turns out her premium on the affordable care act exchange went to 357 from $1,100 from before or benny in spokane in the state of the union response lamenting how she is now paying a premium of $700,000. guess what, we come to find out she did not go on the exchange and only got a policy s
on a severe deficit. the storm brought heavy surf, including a huge wave that crashed into a restaurant in santa barbara yesterday morning. to the south, residents were cleaning up today from flooding and mudflows in the los angeles area. that dropped anywhere from a couple of ifnches to almost a foot of rain on the state. >>> when "nbc nightly news" continues on this sunday, was it murder, or was it an accident? the trial of former olympian oscar pistorius gets under way in south africa. >>> and later, a royal road trip. the first for britain's newest little prince. >>> he is one of his country's greatest athletes, a symbol of triumph over adversity that carried oscar pistorius with his artificial legs all the way to the olympics two summers ago, representing south africa. but tomorrow he faces what perhaps will be his greatest challenge as he goes on trial, charged with murdering his girlfriend. our report tonight from nbc's ayman mohyeldin in pretoria. >> reporter: it's being called south africa's atrial of the century. a star athlete who defied the odds to become the first runner to
lending that will be done. in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the mos
broken, it's costing taxpayer money, covered california will be going into deficit -- >> the irony there -- you know your state betterment you have a democratic governor, democrats in control of both houses in the legislature. i see this in maryland where the democrats run the show, enif you want to lay it on the republicans and whether they go along, it's fraction of the problems they're encountering now. so you have to worry more, those who are pushing the healthcare law, be they on left or the right. you have to look under your own hood because it's your own party's governors jostling the problem. >> they don't want to look under their own hood. they want to blame the republicans. blame everybody but themselves -- >> or just rush the signups like we saw in maryland and ask questions later, just get them in, get them in, get them. in, ask questions later. >> they're in panic mode. they see the failure and they want to shift the blame, but what has to happen, the governors and the state legislatures that are supporting obamacare, the senators and congressmen that are supporting ob
that will be unveiled in about a week. he's going to turn away from deficit reduction, go to government spending. he doesn't call it stimulus, spending but instead calls it investment. infrastructure, highway repair issues will create jobs and help obviously in terms of rebuilding the country. the president in the blue state of minnesota rather than going to red states, more republican states where health care may be unpopular. interesting. bill clinton as you know was in kentucky trying to help out alison grimes, a democratic senate candidate trying to take the seat currently held by republican mitch mcconnell. when senate majority leader harry reid was pressed on why president obama isn't going out to red states, he had an interesting answer. >> we have one president that's been going every place and that's clinton. he's traveling around campaigning for everybody doing a great job. >> there you have the top senate democrat suggesting the former president may be a better asset right now than the current president. bottom line, though, of course, we'll see president obama, current president, raising
deficit disorder,
talked perfect sense. the is nothing moral about running up huge deficits about out of control welfare bills. we do not do with these problems, the whole country will be poorer. we should listen to the former arch bishop of canterbury. he said the churches should be aware of the dangers of blindly defending a gargantuan welfare budget that every serious alliteration would cut as a matter of economic common sense. i think serious politicians have to engage in it and that should go for everybody. i join my honorable friend's and congratulate the team on their brilliant performance at the winter olympics. as immediate threat of flood passes, some levels are still underwater and hundreds of businesses and farms are still struggling to recover. the committee on climate change, the u.k. statistical authority have all said the government investment in flood defenses -- in the likes of this, does the prime minister think it is right to revisit the plan for investment in flood defense? >> we will look carefully at the plans. we have set out spending figures all the way out through 2020, not all
of the country's crimea region. >> ukraine is the crown jewel. >> this is most seriously the biggest deficit of our lives since the cold war ended. >> pressure is on the mid-west to do something. >> this will get worse before it gets better. >> you got to believe it's over. >> we have to be in this for the long haul. >> it's now unclear just what the west can do about it. >> john kerry arrived in ukraine tomorrow. >> putin is not going to back off this without some real effort to make a verdict. >> a full blown cold war like showdown. >> we dropped 20 degrees since midnight. >> the cold war chess game in the ukraine continues today. by a look at it, we are a long way from check mate. they have seized the crimea union with 6,000 ground and naval forces in the region. the tensions worsened when ukraine's acting president accused russia of executing the military standoff and blocking ukrainian navy vessels. ukraine's new government claims russia issued an ultimatum for forces to surrender within an hour or face an armed assault. russia denies these assaults. the state department said today if t
's ever proposed for, not for reducing deficit but more domestic spending. we've had huge spending increases, so those are such nonstarters, i don't see how you get common ground. granted, we're living under another budget agreement for now. but it's clear he's moving farther to the left to try and -- for those reasons and he's not trying to move to the middle. >> congressman, you said that three times, he's moved to the left, it's a nonstarter. does that mean i can't ask you about closing loopholes or -- >> yeah, sure, go ahead. >> are there any ways in which you all could maybe come to something and end up with one or two or three of these things and get some of the things that you want? >> yeah, so we just -- our chairman of the ways and means committee, dave camp, put out a specific discussion draft of tax reform, which does just that. it closes loopholes. instead of using the money for spending which increases the deficit -- he has $1.8 trillion in tax increases, half goes for spending. we're saying take the loophole closures and use it to lower tax rates to grow the economy.
. right away there is a deficit, no. >> no the president is not the one doing that there is somebody at a cabinet level who doing most of that work. i think we have seen. we have had secretaries of state, we had condoleezza rice. we had hillary clinton who have been able to interact with these people. >> let me throw this at you because i know this is going to happen. say hillary clinton, and she is the only woman in play right now is elected. you know the chinese are going to test her right away. they are going to move warships into certain areas and they are going to bing bing bing. let's see what we have here. they did the same thing with barack obama. they tested. they tested. they tested. all right, to see what he has barack obama dropped drones on him and i think hillary clinton absolutely would drop drones on them. i think she would probably up the drone drop knowing mrs. clinton. putin is going to do it. chinese going to do it. certainly north korea is going to do it. they will snatch okay americans. they will kidnap them. he they will do all of that just to see how it goes,
loss since the bailout in 2008. 15 billion-dollar deficit for last year. he calls rbs the industry's least trusted leader, does the ceo. >> the bank. the largest bailout in europe. still owns the vast majority of the bank and is still pulling the strings. >> by the way, wire pros playing in the olympics? >> that is what the nhl is asking -- the players love it. >> the players love it and flagwavers love it, i am not fair -- sure it is fair to college athletes. >> we need to go to the ukraine. we spoke with the new leadership to read good morning. >> good morning. his name is arseniy yatsenyuk, the prime minister designate. inis about it -- to be voted as the interim prime minister of the country for the next few months. parliament is still chewing over this decision. >> how front and center is crimea to the management in kiev? >> very front and center. i was standing in the parliament here in kiev. meanwhile, in the crimea, the parliament had just been seized by a group of about 100 gunmen. i asked the prime minister about that and he said it is the first crisis he has to deal with
of the city as a whole so that we instead of seeing elderly new yorkers as a deficit, as a problem to be solved. instead we say the world is fundamentally a changing place, we're living longer, were living healthier and older new yorkers now are here in numbers that have surpassed anything in history. >> sreenivasan: one key ingredient to the initiative is listening to seniors, according to ruth finkelstein of the new york academy of medicine. she leads the initiatives private sector efforts. >> everything we do is grounded in the perspectives and voices of older adults. the first thing that they have to realize is we don't stand in the shoes of the people that were addressing and that we need first and foremost to understand the city through their perspective. >> sreenivasan: the program is now up and running in all five boroughs, including manhattan, where we met up with ed and sarah aarons. they cant imagine living anywhere but here. >> and i can't conceive of having the facilities and conveniences and the excitement as other places. >> the only two places he would like to live
and attention deficit issues. the greatest risk was seen in fathers 45 and older. >>> health advocates are pushing the fdaed to stop a powerful painkiller from going to the market. it's called zohydro. it's five to ten times more potent than a similar pill, vicodin. the fda approved it last fall. it goes on the market next month but critics are urging the fda to reconsider because the drug is so potent and potentially addictive. >>> get ready for a change you see on the labels in the market. the obama administration will announce new rules which have bigger and easier to read calorie numbers. serving sizes that reflect reality and separate sugar listings. other listings will be simplified and easier to understand. 12478 >>> president obama asking congress for $300 billion for infrastructure projects. he made this announcement at a train and bus station that was just refurbished. an example of what is possible, he said. transit is expected to run out of money later this year. mr. obama says these projects 49 provide jobs. >>> gay rights activists are celebrating the veto of a contention
mentioning it. we are reducing the budget deficit through the aca. i know our colleagues on the other side of the aisle are very careful about budget issues. good, they should be. well health care costs are declining and declining significantly. some of that is due to the recession but almost every expert says much of that is due to the aca. national health care expenditures for instance in 2012 grew by 3.7%, meaning that the growth from 2009 to 2012 was the slowest since government collected information and that was in the 60s. the percentage of health care spending for the first time, the percentage of gdp actually shrunk from 17.3 to 17.2. at the same time the solvency of medicare's hospital insurance fund decreased and costs cut. so this is great news. the bottom line, i know our colleagues on the other side of the aisle think they hit political gold when they attacked the aca and called for its appeal but the american people don't want repeal and secondly as we move on in time the positives of the aca will become more apparent. the negatives that people perceive of aca will decline an
in the second half. the cowboys overcoming a deficit, shooting 64% from the field. the finals 72-65 osu. virginia continues to be one of the surprise teams. they beet syracuse outscoring the orange. celebrating an amazing season on senior day in charles otsville. the cavaliers had the first out right a.c.c. title in 33 years. the orange dropped three of their last four. >> on the links, tiger woods is trying to make noise after barely making the cut at the honda classic. woods beginning the third round it 11 shots behind rory mcilroy. china charged up the board, posting seven birdies. woods jumped 49 spots. seven behind the leader entering the final round. >> finally tempers flare in the english premier league. the manager, al-alan pardew ped butting david meyler. he wassest jected and -- he was ejected and finned $168,000. >> sydney's gay and lesbian community celebrated the mardi grass parade. more than 10,000 watched the spectacle. the australian navy band marched alongside secondly clad dancers. [ ♪ music ] >> crowds filled the streets of rio de janeiro for its mardi gras parties
mentioned his work on repairing the state's budget and job creation. brown turned 25 billion dollar deficit in 2011 into a surplus this year. his approval rating is at an all-time high at 58%. the state's open primary is in june. >>> on the cover of "people" magazine, paula deen is opening up about her scandal last summer. in the interview she says i feel like embattled and disgraced will always follow my name. it's like that black football player who recently came out. he said i just want to be known as a football player. i don't want to be known as a gay football player. i know exactly what he's saying. deen is referring to nfl prospect michael sam. i just don't think this works! i think maybe she ought to try something else, joe. what do you think? i'm wondering if perhaps she might want to just stay away from talking. >> i think she really should. it's like that. >> talking thing is not working for her. >> it doesn't work. >> it's like that black football player? >> black football player as opposed to one of the white football player. it's like that black football player. >> she started
. it was about $11 billion in deficit this year. the new government in kiev said the country is going to need about $35 billion over the next two years just to survive. the i.m.s. is working on a plan along with the european union and united states, saying they're going to try and help but can't do anything until there is a government in place because an official government hahas to those kind of requests and the e.u. and i.m.f. can't negotiate with anything other than official governments. they need a prim minister, a cabinet and that's all underway. it's supposed to be in place by thursday but still a long road ahead for ukraine. >> all right, jennifer glasse in ukraine, thank you very much. in our next hour, we will be taking a closer look at ukraine's former prime minister and her role in shape that go countries future. these are live images coming out of parliament in ukraine and as you can see, the tensions there still exist. also viktor yanukovych still a man on the run. >> the u.s. state department is expelling three venezuelan diplomats, just days after a group of american officials
's advocate here. the country has a massive deficit. we need the money. so why should the country continue to subsidize the most profitable industry, rather. this this is according to sage works. oil and gas, the energy industry, most profitable. >> well, alex, and i would ask, you know, why should they subsidize the oil industry. and the fact is, they don't. percentage depletion is not a subsidy. it's not a loophole. and that's the thing that's perplexing to me. why, if it's not broken, don't fix it. i would challenge those who would say that to take a look at percentage depletion. it's not a subsidy. it's not a loophole. so i would agree with them on that point. >> okay. back to the politics of all this. this is the latest in a string of policies that have fractured the gop. who is in charge of the party? >> well, i think any time a majority party is outside of the white house, and you could have said the same thing during the bush years with the democrats. you know, there's just a lot of discussion, a lot of chatter out there. if you're in the minority. but the fact is, i think even rep
if you passed obamacare, you were going to save money and was going to help the deficit. i don't even know where they came up with those numbers. then the president had 29 different waivers since that time. so changes in the law. now we know how horrendous the rollout was. now we hear 4 million. the president said it at least five times in the cut we saw. 4 million people have signed up. how many have gone through fulfillment and registered for the program? that's another question. now they expect us to believe that kathleen sebelius never said 7 million. good thing eric has a vcr. >> i think success looks like at least 7 million people having signed up by the end of march 2014. >> yes, that was from my vcr. >> thank you. >> but that's the crazy part. they keep saying things. you know, you're going to save $2500 per family. turns out it's going to cost you $2500 more. you can keep your doctor. you can't keep your doctor. they keep saying things and then months later saying, oh, we never said that. good thing we have those vcrs and tapes and our little editors back there pulling the so
Search Results 0 to 23 of about 24 (some duplicates have been removed)